Adavale Resources Limited ( (AU:ADD) ) has issued an update.
Adavale Resources Limited has announced a significant upgrade to its gold-copper-silver target at the Ashes Prospect following the reprocessing of historic Induced Polarisation (IP) geophysical data. The new data reveals a strong chargeability anomaly that was previously untested by historical drilling, presenting an immediate opportunity for targeted drilling. This development aligns with Adavale’s multi-phase exploration strategy and could enhance its industry positioning by potentially expanding its resource base.
More about Adavale Resources Limited
Adavale Resources Limited is an Australian junior exploration company focused on gold and copper exploration in the Lachlan Fold Belt of New South Wales.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.57M
For a thorough assessment of ADD stock, go to TipRanks’ Stock Analysis page.